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Accendo Press Quotes – Week Ending 15 December

15 Dec

Interactive Investor (Link)

  • “In focus today will be any soundbites from the EU meeting in Brussels at which members, amongst other things, will be discussing Brexit. While approval of the progression of negotiations is expected to be a virtual procession, the start date of the next phase of talks and the government’s ability to renegotiate a final deal will be key talking points to come out of the meeting,” said Michael van Dulken, head of research at Accendo Markets.

14 Dec

Business Insider (Link)

  • But Michael van Dulken, analyst at Accendo Markets, said those figures are only true “once you adjust for all manner of things,” including, but not limited to, “excluding gains from FX moves and property sales, and ignoring more significant losses from fair value adjustments to unhedged FX forwards and options contracts, losses on strategic investments, and fair value movements on derivatives.”

12 Dec

The Armchair Trader (Link)

  • Over in the US, “equity markets notched yet more record highs on Monday, with both the Dow Jones and S&P 500 reaching fresh highs, while the Nasdaq outperformed on Tech sector strength.” Noted Accendo Markets analyst, Mike van Dulken. “ Apple and Disney led the Dow higher, offsetting Boeing weakness, while Energy names helped the S&P to a fresh record close.”

11 Dec

Digital Look (Link)

  • Commenting on the price action in markets, Mike van Dulken at Accendo Markets said: “Global equities have made a decent start to the new week, one chock full of central bank risk and continued geopolitical fun and games. The UK’s UK Index outperforms on fresh GBP weakness vs USD and EUR (scepticism after Friday’s Brexit deal), helping its many heavyweights. Elsewhere investors welcomed a another Wall St record close on optimism about US tax reform, while Europe sees continued rotation out of Tech and into Banks.”
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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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